In contrast to US and UK where devices come with carrier contracts in india we can buy a smartphone without carrier contracts. So there is only one party responsible for problem i.e. manufacturer [in my case Samsung].

Problem with me is I want to root my device. And I am worrying about warranty. Device is still under warranty period. Will rooting the device will void any warranty come with it?

Not quite a duplicate, as this is addressing an edge-case of a warranty scenario where a carrier is not involved. Hrm.
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Michael PaulukonisMay 13 '11 at 13:21

Not sure about US and UK, but over here in Germany you can get devices with a carrier contract (dirt cheap: 1€ for big high-end Motorola or HTC, but you have a two year contract) and without: no branding, no SIM lock, nothing. I'd be surprised if you couldn't get free phones in the UK or US too.
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Jürgen A. ErhardMay 14 '11 at 17:17

1 Answer
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However, if there is an issue, usually you can unroot your device (which usually is a simple process) and then take it in to have it serviced (you will have to decide for yourself if you are comfortable with that or not).

Off the top of my head I do not know how to root your particular device but a good place to start is XDA-Developers. The link will take you to a post with some information on rooting a Samsung Galaxy 5 I550

FYI it's not Galaxy S = 'ess' its galaxy five i5503.... so i think you can reconsider your answer.
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PrashamMay 12 '11 at 9:10

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5 and S are easy to confuse... not sure what Samsung was thinking (probably nothing at all). And, BTW, I own a 5 (five) too :-D (yup, happy with it, an Android phone I could afford) :D
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Jürgen A. ErhardMay 14 '11 at 17:15

I didn't confuse them - I thought he confused them since I had never heard of a Galaxy 5 and most people own a Galaxy S and not a Galazy 5. Lesson learned though :).
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DanielMay 14 '11 at 18:03

@MobileDev123 I updated the link to point you to a possible rooting solution posted on XDA. Hope this helps.
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DanielMay 14 '11 at 18:10